11,504 Shares in Lam Research Corporation $LRCX Purchased by Accurate Wealth Management LLC

Key Points

• Accurate Wealth Management LLC has acquired 11,504 shares of Lam Research Corporation, valued at approximately $1,162,000, as part of their investment strategy in the semiconductor field.
• In its latest earnings report, Lam Research reported earnings per share of $1.33, exceeding analysts' expectations, alongside a 33.6% increase in quarterly revenue compared to the same period last year.
• The company plans to pay a revised quarterly dividend of $0.26 on October 15th, reflecting an increase from the previous $0.23 dividend, demonstrating ongoing financial commitment to its shareholders.

Accurate Wealth Management LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,504 shares of the semiconductor company's stock, valued at approximately $1,162,000.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Meridian Wealth Management LLC raised its stake in Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after acquiring an additional 130 shares in the last quarter. Bay Rivers Group raised its stake in Lam Research by 0.6% during the second quarter. Bay Rivers Group now owns 22,404 shares of the semiconductor company's stock worth $2,181,000 after acquiring an additional 130 shares in the last quarter. GW&K Investment Management LLC raised its stake in Lam Research by 10.1% during the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after acquiring an additional 146 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its stake in Lam Research by 3.8% during the second quarter. Fiduciary Financial Group LLC now owns 4,073 shares of the semiconductor company's stock worth $394,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Lam Research stock opened at $131.93 on Wednesday. The stock has a market capitalization of $166.37 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.69 and a beta of 1.76. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $133.57. The stock's 50 day moving average price is $104.62 and its two-hundred day moving average price is $89.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the business earned $1.03 EPS. Lam Research's quarterly revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is 25.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LRCX. Erste Group Bank began coverage on Lam Research in a research note on Thursday, August 14th. They set a "buy" rating for the company. The Goldman Sachs Group started coverage on Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Stifel Nicolaus upped their price objective on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Mizuho upped their price objective on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Finally, Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Saturday. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $109.39.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.